New Delhi : After filing and submitting your Income Tax Return (ITR), many taxpayers eagerly wait for their refunds, especially if they have paid more tax than required. With the September 16 filing deadline recently passed, several taxpayers are still awaiting their refunds. The Income Tax Department generally begins processing refunds once the return has been successfully submitted and e-verified. On average, it takes about 4-5 weeks for the refund amount to be credited to the taxpayer’s bank account. However, delays may occur due to verification issues, incorrect bank details, or mismatched information. Ensuring your bank account is pre-validated and double-checking all submitted details can help avoid unnecessary delays and make the refund tracking process faster and smoother.
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